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Solve clearly explanation is more important don't copy. G1 1 Point Consider a production process with two inputs. labor, and capital. In the long run,

Solve clearly explanation is more important don't copy.

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G1 1 Point Consider a production process with two inputs. labor, and capital. In the long run, 0 A. Labor is a fixed input and capital is a variable input. 0 B. Labor is a variable input and capital is a fixed input. 0 C. Both labor and capital are fixed inputs. 0 D. Both labor and capital are variable inputs. 0 None ofthe above. Save An swer G2 1 Point Consider a production process in the short run with labor as the only variable input. Suppose that labor is needed to produce the output. Suppose further that the marginal product of the rst unit of labor is \"I units of output and the marginal product of the second unit of labor is '1 unit of output Then. the total product of two units of labor is equal to 0 A12 units of output. 0 E. 3 units of output. 0 C. 20 units of output. 0 D. 4 units of output 0 E. Not enough information

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